Sumitomo Mitsui Financial Group Inc. is weighing an additional $1.1 billion investment in Indian lender Yes Bank Ltd., according to people familiar with the matter. This comes just two months after Japan\u2019s second-largest bank made an initial investment in the company.<\/p>\n
SMFG is looking to acquire around 5% of Yes Bank\u2019s shares from U.S.-based Carlyle Group Inc. and other minority shareholders, the sources said, requesting anonymity as the discussions are private. In addition, SMFG may invest about $680 million in convertible bonds issued by Yes Bank to support its growth plans.<\/p>\n
If the deal goes through, SMFG\u2019s total investment would rise to approximately $2.7 billion, giving it a near-25% stake in Yes Bank. The discussions are still ongoing, and no final decision has been made, the sources added. (Source: Bloomberg)<\/p>\n","protected":false},"excerpt":{"rendered":"Sumitomo Mitsui Financial Group Inc. is weighing an additional $1.1 billion investment in Indian lender Yes Bank Ltd.,…\n","protected":false},"author":2,"featured_media":11253,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,11219,112,11220,11221,745,10974,10965,11218,6002,4471,633],"class_list":["post-11252","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-market-today","tag-markets","tag-nifty-50-today","tag-nifty-live","tag-sensex","tag-sensex-share-price","tag-sensex-today","tag-sensex-today-live","tag-share-market-news","tag-stock-market-news","tag-stock-market-today"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/11252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=11252"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/11252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/11253"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=11252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=11252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=11252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}